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The Supplementary Retirement Scheme (SRS) is a voluntary scheme introduced by the Singapore government to encourage individuals to save for retirement. It offers attractive tax reliefs, making it an appealing option for people to save on taxes as well. Instead of leaving your SRS funds idle (which earn a nominal interest rate of 0.05% p.a.), investing them can help you significantly grow your retirement nest egg. One increasingly popular way to invest SRS monies is through robo-advisors. In this article, we’ll delve further into what SRS is, how to invest your funds, and compare three prominent robo-advisors in Singapore – Endowus, StashAway, and AutoWealth – to grow your monies. SRS is a to encourage Singaporeans, Singapore Permanent Residents, and foreigners to save for their retirement. Contributions are eligible for tax relief. The yearly maximum contribution for Singaporeans and Singapore Permanent Residents is $15,300 while for foreigners is $35,700. You may make penalty-free withdrawals from your SRS account over 10 years starting from the date of your first withdrawal. Withdrawals do not attract the 5% penalty only if they take place on or after the statutory retirement age (currently at 63) that was prevailing at the time of your first SRS contribution. While SRS offers a safe haven for your retirement funds, the low interest rate of 0.05% p.a. is insufficient to outpace inflation. SRS funds can be invested in various financial instruments to achieve potentially higher returns. These include: While there are various investment options available to those using SRS, investing through robo advisors makes it a seamless way to grow your money. One attractive feature of investing your SRS monies with robo advisors is that they give you exposure to diversified, global funds that you would not be able to easily access otherwise. Robo advisors have gained popularity in recent years with their low fees, user-friendly interfaces, and automated portfolio management. Three prominent robo advisors in Singapore that allow you to invest your SRS monies are , , and . Here’s a quick comparison of the three robo advisors:   Promotion: Receive a $20 top-up into your account once you fund it with the minimum amount. Promo code – DOLLARSANDSENSE Each of the robo advisor has its unique strengths and advantages. For example, offers a curated selection of institutional-grade funds, typically reserved for high-net-worth individuals and institutions. Their investment philosophy centres around building diversified portfolios with low-cost, globally diversified funds from reputable asset managers such as PIMCO and Dimensional Fund Advisors. Endowus also offers personalised advice from financial experts, making it a suitable choice for those who seek professional guidance alongside a robo-advisor’s convenience. On the other hand, portfolios consist of globally diversified ETFs, spanning various asset classes such as equities and bonds. Its proprietary risk management technology, ERAA (Economic Regime-based Asset Allocation), dynamically adjusts the portfolio based on prevailing market conditions. Growing your SRS monies is a crucial step in securing your retirement goals. Robo advisors provide a convenient and accessible avenue to achieve this goal. By carefully considering your investment objectives, risk tolerance, and the specific features of each robo advisor, you can make an informed decision and select the platform that best aligns with your needs. Remember, it’s never too early or too late to start planning for your retirement. Check out each of the robo advisors website right away to explore the various SRS investment options.